How do people get rich?

So I got notified on Quora I had a request that asked

I am starting medical school next year. How do I plan for finances and student loan debt reduction?

From someone who had no student debt before graduating medical school through intricate planning and imaginative ideas that are replicable:Ignore military

If my daughter wants to go overseas to university, but I can't afford for her to go, what are some ways I can get her there without breaking the bank?

I suggest a slight rephrasing: how can YOUR DAUGHTER get herself there? It's wonderful that you want her to have the college experience of her dreams and that you're willing to help with the bill, but if this is something she really wants then she should take ownership.She can look for scholarships at

My husband will not share his financials with me. What can I do?

You should not be online asking others how to hack your husband's mind. You are sharing your life with this person, you trust him enough to have kids with him. If you ask him about the finances, it should be information that's volunteered and not coerced.What happened when you

Should I divorce my financially irresponsible husband?

I have been in your shoes, and I am not now. I am still married.I will tell you what worked for us, but of course it may not work for you - still I think there may be some nuggets to help you work towards your own solution.Money means different things to different people, and not

What are some financial tips for middle class people?

Middle Class- the most hard working yet the most drained financial class of any nation. Middle class mostly consists of salaried people who bear the maximum burden of the taxation system. There are small business houses too which are generally unorganized and evade tax to a certain extent.Being a part of the Indian middle class system there

What is the best thing to do with $10,000? How should the money be invested? (No debt. Not looking to own either a car or a home. Full-time employed, covering all expenses and continuing to save money.)

Before developing an investment strategy you need to have set aside a reserve of savings to meet near term and unexpected expenses.  You may lose your job, get your hours reduce, incur unexpected medical expenses or have some family burden place on you.  Figure out an amount that will make you feel secure and place that

What is the single most effective piece of financial advice you've ever received?

I know a man who is currently in the American top 1%. He's got several houses (including one with a private beach), drives a sports car, and has recently returned from a year of travelling the world.But when he came to this country, he was

What should I plan financially so I can retire young?

Most private-sector retirement vehicles are either Individual Retirement Arrangements (IRAs), defined contribution plans, or defined benefit plans. People tend to think of an IRA as something that individuals establish on their own, but an employer can help its employees set up and fund their IRAs. With an IRA, the amount that an individual

I'm 35. How much money should I have saved for retirement?

I am so happy to see these questions related with being Financially Independent an Retire Early (FIRE). I myself pondered upon this question 8 years back and now I can proudly say that I have almost achieved it.How much money

Are financial advisors becoming obsolete?

I wouldn't think so. Even with the financial planning software available, most folks still need help. In the first step of building a financial plan, which is the data collect, I often see my clients odds of successfully meeting their goals increase between 20% - 40%.

How to make $10000 per month working at home

10 Proven Ways To Earn $10,000 Per Month Online, Using What You Already KnowWhat would you do with an extra $1,000, $5,000, or even $10,000 per month? And what if you could bring in that type of income every single month. Using the knowledge and skills you already have?It might seem far fetched, but it's not.In

How can one become part of the 1%?

I was homeless and had 3k to my name , 2 years later I had $1m , simple rule:Make a rich person richer and take your cutThats all you have to doIn response to the message of how I did it:First of all I am dyslexic

How to make $1000 per month online

I was going to say through online surveys but it is almost IMPOSSIBLE to make $1,000 per month just filling up surveys on panels like iPanel, Toluna, Swagbucks or Opinion Outpost.Even if you sit in front of your computer 24/7 making a few bucks from the small tasks from the survey panels, you will not

How to become financially savvy and start to build wealth at 18 years old

Unlike most people think, wealth is not created by saving money. And it is not created by working hard either.Wealth is generated as a result of creating incremental value.* You can work hard and do what you are told to do and do it better than others. At best you make a lot of money

I am 17 and I want to invest money in stock market where should I start?

I am glad that you started thinking about Investments and Savings at such an early age. Before you actually start investing money, I would recommend you to start investing on learning about Stock Markets. Here are the 7 proven steps to gain success in Stock market. Follow these

I am getting triple my usual pay this month as a bonus. I want to save half and spend half. What should I spend it on?

Spend ?? No do not spend please. Invest it. Buy PHYSICAL precious metals if you do not want to learn investing.-------------The answers have been written for other topics. You have to

I need $500 for my on-going business, nobody in my family supports me. I have 2 part-time jobs but I am underpaid and I still go to a university. I promise to slowly pay you back. Can you help me?

So what's your on going business? What will my 500 dollars do for your company? How will it benefit me? Am I allowed Interest in my loan? this post sounds like either a beggar or a scam maybe some details paper work could help. Other than that even as a university student who worked washing dishes I

If I make $150,000 a year for 15 years, how much money would I have?

Think of it this way. Look at America. Land of the credit card and debit card. Calculate the post tax income. Something like 50% of those will spend from just a bit more than that amount to a whole lot more than that

I'm 28 years old and haven't started saving or investing. Is it too late?

I hate to be the bearer of bad news but, if your goal is to retire in your 20s like some of the people out there, you are sadly too late :)Joking aside...Why would it ever be too late to start saving or investing? I Googled top inspirational quotes and

What are some best financial saving hacks?

Divide your monthly earning into three Bank accounts and tag them as Income, Spend-it and Invest-it account.The names are self-explanatory and putting a label on money prevents you from using it to any other purpose. this is called behavioral economics.Always create an Emergency fund for unplanned expenses. The thumb rule is that the size of

What are the most important things to know about personal finance?

Here are some of the most important things that one must know about personal finance:The Do's:1. Start investing earlyBy starting early, you will have the most scarce resource in today's world which even money can buy - TIME. This will

What are your strongest financial life hacks?

My strongest financial hack is to understand exactly what a mortgage is, how it works, and how to make it work for me rather than against me. This is literally the largest and most important purchase you'll ever make. It's incredibly important (no matter what gaslit

What is the best financial advice for someone who is starting their first job in the USA?

I don't know about best, but here are some things I wish I knew coming in, many many years ago:You will be sold something pretty much every day. Sales people have no remorse severely exaggerating and omitting details that matter. Some are downright scam artists. Learn to say no.Personal

What is the best thing to do with $10,000? How should the money be invested? (No debt. Not looking to own either a car or a home. Full-time employed, covering all expenses and continuing to save money.)

I make $20k-$50k a month.To make more or less a month, binary options trading/ forex trading is a way to do so. Although don't focus on making money at first, focus on getting the skill.If you have no idea what binary options is, here is a good place to get knowledge about it >>> Binary

What personal finance tips do you have?

In June 2015, I graduated law school with $50,000 of student loans.While I began earning more money than I ever made before, I was also spending more than I had ever spent before. At 25 years old, I naively thought that my debt would take care of itself. I made it. I'm a lawyer! I'm important now. I don't

What's your advice of how to get money as a teen?

If your studying and your parents can afford then from them. If you are not studying then you can either ask your parents or work for your own keep. If its allowed and legal. Get your parents advice tho on the type of woek you are doing as they probably have

Why am I not motivated by money?

Back in the college, there was a guy who used to say that good/bad grades don't affect him and he is not motivated by getting good grades, until one day he got 3 grade A out of 6 subjects in one semester. Not

Why do so many fail when starting a career with Edward Jones as a financial advisor?

I just started with Edward Jones so I have a unique perspective on this. When I was researching different financial advisory programs, I did look at the success rate. 5 years after starting, 38% of Financial Advisors are still with Edward Jones. The

Am I not enough ambitious if I don't make enough money?

Not in this economy. A lot of people can't make ends meet. A lot of people work two and three jobs to make things work, and you may have to consider this as an option. I know all this is small comfort.If you are young enough, you can start switching jobs every couple of years to climb the

How to make 100 dollars fast

Hello!The online world is full of dozens of different ways to make $100 fast, check them out below.Survey Junkie – You can use Survey Junkie to make money from the comfort of your own home. You'll take several surveys to help various retailers

How to become financially smart

Understand the power of compoundingCompound interest is the eighth wonder of the world. He who understands it, earns it ... he who doesn't ... pays it ― Albert EinsteinCompound interest is the way by which money grows over time with accumulated

I am an NRI living in the US. Between 2011 & 2014, I regularly sent money into my bank account in India. We received a letter from the Indian Tax Revenue inquiring about these transactions. What is the best way to handle this from here in the US?

Merely sending money from your abroad account to India shall not be taxable at all if the money was first received abroad and then wired to India.Further, since you are NRI, just check if any of your income is taxable in India or not. If not, then write a

I have $2,000 cash and need $4,000. What would you do to turn $2,000 into $4,000 quickly?

This is something I'm going to actually be doing very soon.   You loan a business owner $2000 today so he can keep his company alive.  You ask for $500 a month back from his profits over the next 8 months.   Done.  Everyone is happy.The key is know

I want to ask my parents to borrow some money. What's the best way to go about it?

Go to them with a loan agreement already drawn up. Have you been honest and kept your word in the past - especially about money? Then if you ask to borrow some (assuming they have some to loan) and are realistic about a repayment plan - I'm guessing they'll agree readily.If you

If my future wife cheats on me and we get divorced, what's the worst thing that could happen financially?

I hate cheaters, my fiancee never gave me a reason to be suspicious until i found her and her colleague at a romantic restaurant. she told me it was work stuff but something wasn't right. i was worriedi was referred to (cyberblaster at g mail dot com)

My boyfriend paid off my son's car. My bf then sold it for a $4000 profit. He keeps talking about what a great thing he did over and over months later and how he helped my son. I think since he made $4000 he should let it go. Am I being ungrateful?

When in doubt about money - create an excel spreadsheet.Layout exactly:how much did your bf spend paying off the car (his initial outlay)how much he spent helping your son run the car (if any)how much he received when the car was soldThe difference between 3 and the first 2 points

What are some ways to earn extra money after going through a divorce?

Good question. During my divorce , I sold many household items I did t need anymore. I used Offerup, LetGo, EBay and Etsy to make ends meet. I posted all day and made sure the pictures were sellable. I reposted, lowered prices and asked

What investment should I make before I turn 30?

Maximize your employer matched contributions to a retirement plan.Consider a one or ten pay long term care policy. It's dirt cheap at your age.Consider a good variable annuity with a 6% deferred growth rate. In 36 years, $100k will be guaranteed to be worth $800k, regardless of what the market does, and that will throw off $48k a

What is the worst financial advice you have been given by a 'professional'?

In 2005, I was advised by a group of real estate investors. One who says he owns 50 different properties with many partners. He advised if I do not have money for investing, I should use my identity for prospect investors to use to purchase property and I get a small share.

What's the best piece of financial advice you received during college?

What's the best piece of financial advice you received during college?The BogleheadsPhilosophyDevelop a workable planInvest early and oftenNever bear too much or too little riskNever try to time the marketUse index funds when possibleKeep costs lowDiversifyMinimize taxesKeep it simpleStay the course

Why do I like giving money away?

Maybe it is because you like helping people.I hope it is because you want to give the less fortunate a chance to make their life more worthwhile.Or,you feel happy, when you see people gain self worth because of your actions.If you still feel that way,please have a look at